Fintel Plc Declares Dividend of GBX 2.45

Fintel Plc (LON:FNTL) has announced a new dividend, as reported on Tuesday, March 18th. Shareholders who are recorded as of Thursday, May 22nd, will receive a dividend payment of GBX 2.45, equivalent to approximately $0.03, per share on Wednesday, June 18th. This dividend yield is calculated to be 0.99%. It’s important to note that the ex-dividend date for this payment is also set for Thursday, May 22nd. This new dividend marks a significant increase of 104.2% compared to Fintel's previous dividend of $1.20.

Current Stock Performance

In trading news, FNTL shares fell by 4.2%, with the stock dropping GBX 10.84 to reach GBX 246.16 ($3.20) during midday trading on Tuesday. The trading volume for Fintel’s stock was 178,901 shares, which is below its average trading volume of 243,018 shares. Over the past year, Fintel’s stock has seen a low of GBX 240.90 ($3.13) and a high of GBX 329 ($4.27). Currently, the company has a 50-day simple moving average of GBX 269.28 and a 200-day simple moving average of GBX 276.64. Fintel's total market capitalization stands at £258.43 million, with a price-to-earnings ratio of 44.14 and a beta of 1.17. The firm’s quick ratio is reported at 0.85, its current ratio at 0.75, and it has a debt-to-equity ratio of 17.73.

Insider Transactions

In other news, insider David Thompson acquired 8,064 shares of Fintel on Wednesday, February 12th, purchasing the shares at an average cost of GBX 267 ($3.47) each. This brought the total transaction value to £21,530.88 ($27,965.81). Company insiders collectively own 41.30% of Fintel's stock, indicating a notable level of insider participation.

About Fintel

Fintel is a UK-based fintech company specializing in support services. The firm offers a range of intermediary support services and is recognized for its leading research, ratings, and fintech solutions. Fintel provides critical technology, compliance, and regulatory guidance to numerous intermediary firms while also offering data and distribution services to hundreds of product providers. Their goal is to empower consumers to make well-informed financial decisions.

Investment Considerations

If you are contemplating an investment in Fintel, it’s advisable to evaluate current market opinions. Market analysis suggests that while Fintel holds a position with a Hold rating among analysts, there are alternative stocks that top-rated analysts recommend more strongly at this time.

For those interested in investment strategies or insights into other stocks, consider researching further.

Dividend, Stocks, Investment